New Zealand Inflation Rate

Consumer prices in New Zealand increased 1.9 percent year-on-year in the fourth quarter of 2018, the same pace as in the previous quarter and slightly above market expectations of 1.8 percent. Inflation stood at its highest level in five quarters. Prices remained elevated for housing & utilities (3.1 percent, the same pace as in Q3) and inflation went up for the food group (0.6 percent vs 0.2 percent); health (1.6 percent vs 0.8 percent) and recreation & culture (2.1 percent vs 0.4 percent). Meanwhile, cost eased for transport (3.5 percent vs 5.6 percent). On a quarterly basis, prices edged up 0.1 percent, after a 0.9 percent gain in Q3 while markets had expected no change. Inflation Rate in New Zealand averaged 4.67 percent from 1918 until 2018, reaching an all time high of 44 percent in the third quarter of 1918 and a record low of -15.30 percent in the first quarter of 1923.

Inflation Rate in New Zealand is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in New Zealand to stand at 1.80 in 12 months time. In the long-term, the New Zealand Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.

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New Zealand Inflation Unchanged at 1.9% YoY in Q4

Consumer prices in New Zealand increased 1.9 percent year-on-year in the fourth quarter of 2018, the same pace as in the previous quarter and slightly above market expectations of 1.8 percent.

Inflation stood at its highest level in five quarters. Prices remained elevated for housing & utilities (3.1 percent, the same pace as in Q3), with rentals for housing up 2.4 percent, construction up 3.6 percent, and local authority rates up 5.1 percent. Also, inflation went up for the food group (0.6 percent vs 0.2 percent), despite a 6.2 percent decline in fruit & vegetable prices; and health (1.6 percent vs 0.8 percent). In addition, cost was higher for recreation & culture (2.1 percent vs 0.4 percent), driven by the release of popular, new, and more expensive electronic video games.

On the other hand, cost advanced less for transport (3.5 percent vs 5.6 percent), amid weaker pressure from petrol prices (11.1 percent vs 18.6 percent) while that for passenger transport services declined 1.7 percent, mainly aided by lower international air transport prices. Inflation for liquor & tobacco also dropped to 3.8 percent from 4.7 percent in the third quarter.

On a quarterly basis, prices edged up 0.1 percent, after a 0.9 percent rise in Q3 and compared to expectations of unchanged prices.

New Zealand Inflation Jumps to 1.9% on Higher Oil Prices
Consumer prices in New Zealand increased 1.9 percent year-on-year in the third quarter of 2018 following a 1.5 percent increase in the previous quarter. The print came above consensus expectations (1.7 percent) and was the highest rate in four quarters.Published on 2018-10-16

New Zealand Inflation Rate Climbs in Q2
Consumer prices in New Zealand increased 1.5 percent year-on-year in the second quarter of 2018 following a 1.1 percent increase in the previous quarter. The print came slightly below consensus (1.6 percent) and was the second slowest inflation rate in the last six quarters.Published on 2018-07-17

New Zealand Inflation Slows Further in Q1
Consumer prices in New Zealand increased 1.1 percent year-on-year in the first three months of 2018 following a 1.6 percent increase in the previous quarter, matching market expectations. It was the slowest inflation since the third quarter of 2016.
Published on 2018-04-19

New Zealand Inflation Slows to 1.6% YoY in Q4
Consumer prices in New Zealand increased 1.6 percent year-on-year in the fourth quarter of 2017, below market expectations of 1.9 percent and 1.9 percent in the previous period. It was the lowest quarterly inflation in a year. Published on 2018-01-25

New Zealand Inflation Rate

In New Zealand, the most important category in the consumer price index is Housing and Utilities (24.2 percent of total weight). Food and Non-Alcoholic Beverages accounts for 18.8 percent; Transport for 15 percent; Recreation and Culture for 9.4 percent; Miscellaneous Goods and Services for 7.4 percent and Alcoholic beverages and Tobacco for 7 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Health; Communication and Education account for the remaining 18.2 percent of total weight. This page provides - New Zealand Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Inflation Rate - actual data, historical chart and calendar of releases - was last updated on February of 2019.